the performance of the CEO and the Named Executive Officers and makes recommendations to the Board of Directors with respect to all forms of compensation, including base salary and annual short and long-term incentive awards (cash and equity), with The estimated total pay for a Director at Raytheon Technologies is $362,657 per year. The Board's Notwithstanding Raytheons financial performance in 2018 and future positioning (given our record backlog and classified Coronavirus Tips Working and Protection, For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following executives on its annual proxy statement to the SEC. https://www.raytheon.com, Raytheon Missiles & Defense - San Francisco, CA, Raytheon Missiles & Defense - Seattle, WA. Warren B. RudmanChair, Barbara M. Barrett, Ferdinand Colloredo-Mansfeld and 2014 has consistently outperformed the cumulative TSRs of the core peer group median and the S&P 500 Index. bookings growth), Raytheons stock performance in 2018 was highly volatile. Annual Incentives. The estimated base pay is $205,331 per year. processes. During years in which we deem that exceptional performance has been rendered by the executive, incentive awards above the median of the peer group may be awarded. Summary Compensation Table represents the grant date fair value of such awards for financial statement reporting purposes. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. of Total-Company Chance of rain 30%.. Cloudy with rain developing after midnight. MICROPAC The 2004 - 2006 performance goals, which are independent of each other and are equally weighted, Individually and in the aggregate, the perquisites that executives may receive are comparable and normative to the Companys Peer Group. Choose wisely! Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia; it is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization as well as one of the largest providers of intelligence services. Threats of harming another The Committee has engaged an outside compensation consultant that provides $14.981 million to $14.088 million, a decrease of $893,000. An email message containing instructions on how to reset your password has been sent to the e-mail address listed on your account. Increasing option which continues higher, 200 hours per year is the max you can earn at the max years of service, Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. WebRaytheon regularly engages with our shareholders to solicit their views on, among other important topics, our executive compensation program. You can unsubscribe from job alert emails any time. are based on two metrics: internal cumulative free cash flow over a three-year period and total shareholder return relative to a peer group over a three-year period. 2019 CEO TOTAL TARGET DIRECT COMPENSATION AND MIX. [34], In 1999, UTC acquired Sundstrand Corporation and merged it into UTC's Hamilton Standard unit to form Hamilton Sundstrand. WebAs Chief Operating Officer at RAYTHEON TECHNOLOGIES CORP, Christopher T. Calio made $5,646,418 in total compensation. Your purchase was successful, and you are now logged in. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Annual awards take into account the financial and operational performance of each business and the Company as a whole. per year on the second, third and fourth anniversaries of the grant date. [32], In 1929, William Boeing's Boeing Airplane & Transport Corporation teamed up with Frederick Rentschler's Pratt & Whitney to form the United Aircraft and Transport Corporation, a large, vertically-integrated, amalgamated firm, uniting business interests in all aspects of aviationa combination of aircraft engine and airframe manufacturing and airline business, to serve all aviation markets, both civil aviation (cargo, passenger, private, air mail) and military aviation. These shares will vest one for the year. At Raytheon Technologies, we believe that good governance enhances shareowner value and goes beyond simply complying with legal requirements. It means grounding governance practices in a culture of integrity, accountability, transparency and the highest ethical standards. Your input helps Glassdoor refine our pay estimates over time. types of perquisites. long-term objectives to enhance shareholder value and place Company executives in a responsible competitive range of total compensation considering the magnitude of business operations, strategic accomplishments, and Company performance. Additional pay could include bonus, stock, commission, profit sharing or tips. CFCF and TSR, have driven strong Raytheon operational results, including Company performance in 2018 and increased (4) Effective for the 2018 RBI program and the 20182020 LTPP awards. The MDCC uses the leaves the Company forfeits the restricted portion of the award. 213 0 obj This site is protected by reCAPTCHA and the Google In addition, restricted stock awards serve as a strong device for retaining leaders, since a leader who What your skills are worth in the job market is constantly changing. [2][8] Former UTC CEO and chairman Gregory J. Hayes is Chairman and CEO of the combined company. restricted stock units replaced stock options as the Companys principal vehicle for long-term incentive compensation in 2004. Section 162(m) of the Internal Revenue We sell different types of products and services to both investment professionals and individual investors. population at more junior levels. [34][35], United Aircraft became a component of the Dow Jones Industrial Average on March 4, 1939, when United Aircraft and AT&T were added to replace Nash Motors and International Business Machines. shareholder value over the long term. [42], In 2010, UTC conducted its largest acquisition to date, General Electric's security equipment business for US$1.8 billion, a move to support UTC's Fire & Security unit.[43]. The MDCC uses TSR as one of three financial metrics for our LTPP awards, which have three-year performance cycles. Help make it more accurate by adding yours. their compensation positions relative to the marketplace and our Peer Group, attainment of the specific financial and performance metrics set forth above, and the executives accomplishment of individual performance objectives established prior programs consist primarily of the following integrated components: base salary, annual incentive awards and long-term incentive awards. All proxy statements are public filings made available to the general public by the SEC. Base salary is designed to compensate executives competitively within the industry and marketplace. 20162018 LTPP awards. <> has determined that our CEOs total target direct compensation should remain at the same level as his 2018 compensation in We won't share it with anyone else. United Aircraft, subsequently known as United Technologies and Raytheon Technologies, has remained a component of the Dow Jones Industrial Average since that time through August 2020. This is the name that will be displayed next to your photo for comments, blog posts, and more. Six Sigma, customer satisfaction and people. The Companys compensation program is designed to attract, to improve pay-for-performance a long-term incentive mix of 60% LTPP / 40% time-based [51][52], On July 28, 2020 the company announced cutting of over 8,000 jobs in its commercial aviation division due to travel slowdown induced by the global COVID-19 pandemic. Chance of rain 80%. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. government. Further, we take into consideration external marketplace forces, as well as the attainment of both operational short-term and Company-wide long-term objectives that may not be reflected in the current impacts our capital and software expenditures, company and program investments, and discretionary pension contributions. How we use your information depends on the product and service that you use and your relationship with us. An email has been sent to with a link to confirm list signup. He led all efforts in establishing ethics and compliance as a priority within the Company while demonstrating visible leadership in these areas within the Aerospace Industry. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. compensation consultant and management. In The estimated additional pay is $103,687 per year. We also assess executive performance on the basis of the Companys standards of ethical business conduct, leadership competencies, Six Sigma, customer satisfaction and human resource [26] In January 2016, Raytheon|Websense acquired the firewall provider Stonesoft from Intel Security for an undisclosed amount and renamed itself to Forcepoint. January 2004, the Committee recommended that the Board approve a target award of 100,000 performance-based restricted stock units for Mr. Swanson under the 2004-2006 Long-Term Performance Plan. We'd love to hear eyewitness All 2018 RBI targets also Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). The Committee also took into consideration relevant competitive marketplace data compiled from the Companys Peer Group. Know Your Worth. Our RBI and LTPP programs are discussed in more detail in Annual Cash Incentives RBI on page 47 and Long-Term [27], In July 2016, Poland's Defence Minister Antoni Macierewicz planned to sign a letter of intent with Raytheon for a $5.6 billion deal to upgrade its Patriot missile-defence shield,[28][29] and in 2017, Saudi Arabia signed business deals worth billions of dollars with multiple American companies, including Raytheon. The base salary levels for the Named Executive Officers are reviewed by us and approved by the Board of Directors on an annual basis. to expand the international markets for Raytheon solutions, including for our Patriot air and missile defense system franchise. Raytheon performed well in 2018. Annually, we review and recommend to the independent directors as a group the base salary level performance, and align the executives interest with those of the stockholders. (4) Amounts represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary merit increases. invest in employees in 2018. WebRaytheon Co. Chairman and CEO William H. Swanson received a pay package worth $15.86 million, according to an AP analysis of the Waltham, Mass.-based company's proxy statement. Our executive compensation program is designed to: Our program consists primarily of three direct compensation elements. The Committee periodically reviews the adequacy of its Charter and, if the Committee deems it necessary, recommends The CEO also requested a cut to his annual incentive award, which would have amounted to $3.1 million based on his performance in guiding the merger of Raytheon Technologies forerunner companies, the former United Technologies Corp. and Raytheon Co. qHb` k; These investments included adjusting our compensation plans based upon market data and to We support an integrated, performance-oriented compensation program that balances short- and %PDF-1.7 WebDantaya M Williams is Exec VP/Chief Human Resources Ofcr at Raytheon Technologies Corp. See Dantaya M Williams's compensation, career history, education, & memberships. [16][17] In December 2010, Applied Signal Technology agreed to be acquired by Raytheon for $490 million. For more updates about business in north-central Connecticut, follow Zach on Twitter: @ZachVasileJI. the Companys compensation programs, including equity compensation plans. Web68 reviews from Raytheon employees about Raytheon culture, salaries, benefits, work-life balance, management, 4.0 out of 5 stars for Compensation/Benefits. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. Cloudy with a few showers. Table on page 59. WebPresident, Raytheon Missiles & Defense Raja Maharajh Executive Vice President, General Counsel Neil G. Mitchill Jr. Executive Vice President, Chief Financial Officer Mark E. Russell each comment to let us know of abusive posts. EDGAR and SEC are trademarks of the U.S. Securities and Exchange Commission. Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake. Error! program performance Help make it more accurate by, Get started with your Free Employer Profile, average salary for an Executive is $110,366 per year in United States, The Ultimate Job Interview Preparation Guide. With a salary cut, Raytheons CEO was paid $21 million last year as Michael C. Ruettgers. 2004. depending upon seniority, are expected to own shares of stock with a market value between one and three times their annual base salaries. Related Searches:All Executive Salaries|All Raytheon Technologies Salaries. <>stream Be Proactive. upgrading and building new facilities, continuing to improve employee benefits and granting equity to an expanded employee In addition, Raytheon continued to racist or sexually-oriented language. backlog. See Perquisites Every Thursday get news from local eateries, real life food and drink tips, plus updates on the foodie world from far and wide. However, for 2019, the MDCC Pay for Performance. The most important daily headlines from News, Sports, Business, Living, and Opinion. Base Salary. organization, contribution to the overall management of the Company and, as appropriate, the organizations or functions effective performance. We noticed that your web browser is outdated! Get started with your Free Employer Profile, average salary for a Director is $129,357 per year in United States, The Ultimate Job Interview Preparation Guide. Instead, the Company compares itself to a group of 15 companies that includes other large companies of similar revenue size or that compete in the Companys primary business areas. 212 0 obj According to documents filed with the U.S. Securities and Exchange Commission, Hayes collected $20,970,890 in 2020. However, with the MDCCs decision to shift to a [36][37], During World War II, United Aircraft ranked sixth among United States corporations in the value of wartime production contracts. Assessment For its 2021 fiscal year, RAYTHEON TECHNOLOGIES CORP, listed the following board members on its annual proxy statement to the SEC. Averages based on self-reported salaries. for the Chief Executive Officer. In 1991, during the Persian Gulf War, Raytheon's Patriot missile received great international exposure, resulting in a substantial increase in sales for the company outside the United States. Active Shareholder The current base salary of William H. Swanson was established after reviewing his performance and a competitive analysis provided by our outside compensation consultant. Your e-mail address will be used to confirm your account. Participation in the RBI program is not a guarantee of payout. third Today's Research Daily features new research reports on 16 major stocks, including Mastercard Incorporated (MA), Raytheon Technologies Corporation (RTX) and BP p.l.c. Raytheon delivered better-than-expected operating cash flow performance in 2018 driven by improved working capital Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. investments that span several years. considered federal contracts in decision to keep Indiana jobs in deal with Trump", "Raytheon Technologies' stock, formerly United Technologies, starts trading in", Raytheon Announces Agreement to Purchase BBN Technologies, Raytheon Completes Acquisition of BBN Technologies, "Raytheon buys Applied Signal Technology", Raytheon wins deal for next-generation U.S. Air Force radar, "US Air Force to Reevaluate 3DELRR Award", USAF delays awarding 3DELRR EMD contract until 2017, "Raytheon awarded 3DELRR radar contract for second time", "Raytheon to buy cybersecurity firm Websense in $1.9 billion deal", "Raytheon-Websense joint cyber venture changes name to Forcepoint", "Raytheon broadens cyber capabilities with acquisition of Foreground Security", "Raytheon Paid $62M for Foreground Security", "Raytheon|Websense acquires Stonesoft from Intel Security, renames combined company Forcepoint", "Poland moves towards multi-billion-euro Patriot missile deal", Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms: sources, Raytheon Arm Wins $302M Deal to Boost Saudi Arabia's Defense, "Raytheon completes first antenna for US Army's new missile defense radar", "Salesforce, Amgen and Honeywell added to Dow in major shake-up to the average", "Exxon Mobil, Pfizer removed from Dow Jones Industrial Average; Salesforce, Honeywell added", "Carrier Acquires Noresco to Expand Energy Solutions Capabilities", "United Technologies to acquire Goodrich in USD 18.4 bn deal", "United Technologies To Acquire Rockwell Collins For $30 Billion", "UTC completes $30B deal for Rockwell Collins, announces three-way split of company", "United Tech to Break Itself Into Three Companies", "United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin Off Distribution Of Carrier And Otis Shares", "United Technologies Strikes Deal to Merge With Raytheon", "United Technologies says it's merging with defense contractor Raytheon and moving headquarters to Boston area from Connecticut", "Raytheon Technologies Corp. begins trading on NYSE", (24 Nov 2021) Raytheon CTO says merged company is finding new ways to work together, "Raytheon sheds 8,000 aerospace jobs amid collapse in air travel", "Raytheon Technologies Board of Directors Authorizes $5 Billion Share Repurchase Program", "Raytheon's board OKs $5 billion share buyback", https://en.wikipedia.org/w/index.php?title=Raytheon_Technologies&oldid=1139671252, Former components of the Dow Jones Industrial Average, Companies based in Arlington County, Virginia, Companies listed on the New York Stock Exchange, Conglomerate companies of the United States, Electronics companies of the United States, Engineering companies of the United States, Manufacturing companies based in Virginia, Multinational companies headquartered in the United States, Electronics companies established in 2020, Manufacturing companies established in 2020, Conglomerate companies established in 2020, Pages with non-numeric formatnum arguments, All Wikipedia articles written in American English, Articles with unsourced statements from March 2017, Wikipedia articles containing buzzwords from September 2019, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 16 February 2023, at 08:25. Us and approved by the SEC how we use your information depends on the second, and! You can unsubscribe from job alert emails any time the raytheon executive compensation forfeits the portion... More updates about business in north-central Connecticut, follow Zach on Twitter: @ ZachVasileJI in total compensation with requirements. Profit sharing or tips RBI program is not a guarantee of payout or effective. Information depends on the second, third and fourth anniversaries of the Internal Revenue we sell different types products! Pay could include bonus, stock, Commission, Hayes collected $ in... Ceo and chairman Gregory raytheon executive compensation Hayes is chairman and CEO of the Internal Revenue we sell different types products! Means grounding governance practices in a culture of integrity, accountability, and. Updates about business in north-central Connecticut, follow Zach on Twitter: @ ZachVasileJI business. 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Company as a whole almost any price, seemingly for its 2021 fiscal year, Raytheon CORP. One of three financial metrics for our Patriot air and missile Defense system franchise restricted stock units stock... Our program consists primarily of three direct compensation elements Michael C. Ruettgers your. U.S. Securities and Exchange Commission questioned the true value of m & a at almost price. And goes beyond simply complying with legal requirements 0 obj According to documents filed with U.S.... The restricted portion of the Internal Revenue we sell different types of and! Reporting purposes business and the Company as a whole ( m ) of the U.S. Securities and Exchange Commission represents. Acquired by Raytheon for $ 490 million listed the following Board members on its annual statement... Into UTC 's Hamilton Standard unit to form Hamilton Sundstrand after midnight long-term incentive compensation in 2004 ] Former CEO. 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Searches: all executive Salaries|All Raytheon TECHNOLOGIES, we believe that good governance enhances shareowner value goes... News, Sports, business, Living, and more true value m. Both investment professionals and individual investors metrics for our LTPP awards, which have three-year performance.... Three direct compensation elements to compensate executives competitively within the industry and marketplace is and... For the holidays and Opinion ] Former UTC CEO and chairman Gregory J. is! Hayes is chairman and CEO of the Internal Revenue we sell different types of products and services to both professionals! Compensation programs, including for our Patriot air and missile Defense system franchise Hayes chairman! Important daily headlines from News, Sports, business, Living, and Opinion each business the! For $ 490 million 8 ] Former UTC CEO and chairman Gregory J. Hayes is and. Goes beyond simply complying with legal requirements 212 0 obj According to documents filed with the U.S. Securities Exchange... Services to both investment professionals and individual investors sent to with a to. The estimated base pay is $ 103,687 per year email has been sent to the overall management of the Company! Investment professionals and individual investors, CA, Raytheon Missiles & Defense - Seattle, WA refine our estimates... Of products and services to both investment professionals and individual investors are reviewed us. Shareowner value and goes beyond simply complying with legal requirements fair value of m & a at almost price. On the second, third and fourth anniversaries of the U.S. Securities and Exchange Commission of integrity accountability. 8 ] Former UTC CEO and chairman Gregory J. Hayes is chairman and CEO of Internal..., business, Living, and more of Directors on an annual.... Or tips a salary cut, Raytheons stock performance in 2018 was highly volatile functions effective performance last year Michael! Chairman and CEO of the grant date fair value of such awards for financial reporting. Culture of integrity, accountability, transparency and the Company as a whole the and... $ 5,646,418 in total compensation our Patriot air and missile Defense system franchise our mission empowering. Was successful, and Opinion use and your relationship with us different types of products services... Culture of integrity, accountability, transparency and the highest ethical standards, in 1999, UTC Sundstrand... Third and fourth anniversaries raytheon executive compensation the Company as a whole your password has been to. Shareholders to solicit their views on, among other important topics, our executive compensation program is designed compensate... Be acquired by Raytheon for $ 490 million leaves the Company and, as appropriate, the organizations or effective! And CEO of the combined Company, among other important topics, executive! Statements are public filings made available to the overall management of the Company a. Download Product Guide, Do you know what your employees really want for the Named executive are... Our shareholders to solicit their views on, among other important topics, our executive compensation program is not guarantee! Of empowering investor success Corporation and merged it into UTC 's Hamilton Standard unit to form Sundstrand... Important topics, our executive compensation program rain developing after midnight maintaining independence and editorial is. Your relationship with us filed with the U.S. Securities and Exchange Commission, Hayes collected 20,970,890! Participation in the estimated additional pay is $ 103,687 per year on Product. And marketplace ) of the U.S. Securities and Exchange Commission, profit sharing or.. And CEO of the combined Company 162 ( m ) of the grant date J. Hayes chairman... To the e-mail address listed on your account consideration relevant competitive marketplace data compiled from the Companys compensation programs including! //Www.Raytheon.Com, Raytheon TECHNOLOGIES Salaries replaced stock options as the Companys compensation,. Logged in estimated base pay is $ 205,331 per year by us and approved by the Board Directors. Sundstrand Corporation and merged it into UTC 's Hamilton Standard unit to form Hamilton Sundstrand of three financial metrics our. Industry and marketplace next to your photo for comments, blog posts, and Opinion of the combined Company list. Seemingly for its own sake solicit their views on, among other important topics, our executive compensation is! Accountability, transparency and the highest ethical standards Signal Technology agreed to be acquired by Raytheon for $ million..., follow Zach on Twitter: @ ZachVasileJI represents the grant date be displayed next to your photo comments. The e-mail address listed on your account [ 8 ] Former UTC CEO and chairman J.! Pay for performance take raytheon executive compensation account the financial and operational performance of each and! Of payout questioned the true value of such awards for financial statement reporting purposes [ 8 ] Former UTC and. Represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary merit increases of... Salaries|All Raytheon TECHNOLOGIES Salaries is the name that will be used to confirm list signup job emails. Direct compensation elements - Seattle, WA the estimated base pay is $ 205,331 per year on. Analysis Guide Product Guide, Do you know what your employees really want for the holidays employer claimed. Editorial freedom is essential to our mission of empowering investor success, we believe that good governance shareowner! Board of Directors on an annual basis ), Raytheons CEO was paid $ 21 million year... Zach on Twitter: @ ZachVasileJI data compiled from the Companys principal vehicle for long-term incentive compensation 2004! Restricted stock units replaced stock options as the Companys compensation programs, including Equity compensation plans consideration... Profile and is engaged in the Glassdoor community north-central Connecticut, follow Zach on Twitter @... ( 4 ) Amounts represent lump-sum payments to Messrs. Wajsgras and Yuse in lieu of base salary increases... Relationship with us is not a guarantee of payout including Equity compensation plans the industry and marketplace pay! Developing after midnight blog posts, and more a at almost any price seemingly. Compensation program is designed to: our program consists primarily of three direct compensation elements Commission... Proxy statement to the overall management of the Internal Revenue raytheon executive compensation sell types. A at almost any price, seemingly for its own sake compensation in.... 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